Sweetgreen - Sweetgreen stock tripled in value in 2024 after being down nearly 80% from its IPO price at the start of the year [1][2] - The company's Infinite Kitchen automation model is a key driver of investor optimism, with 10 out of 225 locations equipped by Q3 2024 [3][5] - Labor costs accounted for 28% of revenue in the first three quarters of 2024, and automation could significantly reduce this expense [4] - Revenue growth is slowing as the company focuses on profitability, but EBITDA is already increasing [6] - Sweetgreen has potential to expand from fewer than 250 locations to 1,000 in the future [19] Reddit - Reddit stock surged 224% in 2024 despite only going public in March [7] - Q3 2024 revenue grew 68% YoY to 55 million contract with the Air Force Research Lab [13][14] - IonQ's hardware is available on all major cloud computing platforms, giving it a unique position in the quantum computing space [14] Industry Outlook - The quantum computing industry is projected to be worth hundreds of billions of dollars in the future, with IonQ positioned as a promising player [15][16] - Reddit has significant growth potential in international markets, with the possibility of quintupling its current 100 million active users [16] - Sweetgreen's focus on profitability through automation and potential for unit economics improvement makes it a strong candidate for 2025 growth [17][18]
These 3 Stocks Tripled in 2024. Which One Is the Best Buy for 2025?